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South Korean Won KRW

 

Detailed information and fundamental factors

Central Bank: Bank of Korea

Interest Rate: 0.50%

Public Debt to GDP Ratio, 2017: 43.3%

Trade Balance, 2018: $81.2 bln.

Inflation, 2019: 0.4%

Sovereign Credit Ratings:

Fitch
AA-
Stable
Moody's
Aa2
Stable
S&P
AA
Stable

Supporting Factors

Major industrial exporter

medium

High-yielding interest rates

weak

Factors of Weakness

Military instability on the Korean peninsula

Currency manipulation in favor of country's exporters

medium

The South Korean won is the currency officially used in South Korea. It was introduced in 1962 and allowed to float freely in 1997.



South Korean Won News Archive

South Korean Won Flat As Central Bank Cuts Interest Rates to Record Low

The South Korean won is trading flat against its currency rivals on Thursday as investors weigh the central bank’s decision to cut interest rates to an all-time low. Policymakers warned that the economic fallout from the coronavirus pandemic would be worse for South Korea than the global financial crisis a decade ago. But while it looks like Seoul has the public health crisis under control, officials have been […]

South Korean Won Struggles for Direction as Output, Retail Sales Beat Forecasts

The South Korean won is looking to extend its gains on Thursday as economic data keeps beating market forecasts. The won, which had weakened due to reports of North Korean leader Kim Jong-un’s deteriorating health, is set for a considerable gain in April – and analysts say its best days are ahead as Seoul weathers the storm.

South Korean Won Weakens on Kim Jong-un ‘Grave Danger’ Reports

The South Korean won has been weakening against multiple currency rivals since it was first reported that North Korean Supreme Leader Kim Jong-un’s health is in “grave danger.” The won has slightly recovered, but investors appear to be waiting for confirmation that the dictator is in good shape. Since rising to power, Kim has been engaging with South Korea, and analysts fear that relations […]

Won Drops After South Korean Inflation Reaches Record Low

The South Korean won declined against the US dollar today after South Korea’s inflation fell to the lowest level on record.

South Korean Won Falls vs. US Dollar After North Korean Missile Test

North Korea performed yet another missile test, but markets were not disturbed by the event much. Nevertheless, the South Korean won fell a bit against the US dollar.

South Korean Goes Down as Geopolitical Tensions Continue to Mount

The South Korean won dropped today, joining many other Asian currency in a decline, as mounting geopolitical tensions continued to spoil the investors’ mood.

South Korean Won Avoids Losses

Mixed economic data from China hurt some of Asian currencies, but many of them managed to rise above the opening level by now, and the South Korean won was among them.

South Korean Won Gains on US Dollar, Ignoring Negative Fundamentals

The South Korean won gained against the vulnerable US dollar today even though fundamentals were not supportive to the Asian currency.

South Korean Won Falls During Thursday’s Trading

The South Korean won fell against the US dollar today as the surprise monetary easing from the central bank of Singapore hurt Asian currencies in general while political turmoil in South Korea was hurting the won in particular.

South Korean Won Gains on Dollar & Euro

The South Korean won gained against the US dollar and the euro during the current trading session with the help of domestic fundamentals that were relatively supportive to the currency.

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